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By Kate Berry
FEB 17, 2010 5:54pm ET

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Fannie, Freddie No Longer Fight Each Other for Lenders' Business

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Fannie Mae and Freddie Mac, once fierce rivals for mortgage lenders' business, have been forced into a kinship of sorts under federal conservatorship.

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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